TLR Group Acquires Office Building In Tampa For $20.06M
SOLD
$20,060,000
Florida
See Similar DealsOffice61,260 SF
Sold 04/22/2021
SOLD
TLR Group Acquires Office Building In Tampa For $20.06M
601 North Ashley Drive, Tampa, FL, USA
See Similar DealsOffice61,260 SF
Sold 04/22/2021
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$327
Total Square Footage:61,260 SF
Transaction Type:Sale
601 North Ashley Drive in Tampa has been sold for a total of $20,060,000. This office property spans across 61,260 square feet and was sold at a price of $327 per square foot. The transaction took place on April 22, 2021.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $20,060,000
- Square Footage: 61,260
- Price per Square Foot: $327
The buyer of 601 North Ashley Drive is TLR Group represented by Rudy Nassri. On the other hand, Ashley-601 Inc. was the seller of this office property.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,069,866.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$71,268.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$95,094.63
Annual Debt Service$1,141,135.61
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